South Shore-Landmark Restaurant-Bar-Function Room.

Abington, MA (Plymouth County)

Seller Financing Available
South Shore-Landmark Restaurant-Bar-Function Room.
Contact Seller

Asking Price: $340,000

Cash Flow: $156,000

Gross Revenue: $925,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $4,125 /Month

Established: 1999

South Shore-Landmark Restaurant-Bar-Function Room.

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Business Description

Profitable-Landmark Restaurant-Bar-Function Room

LOCATION-South shore
Landmark Restaurant-Bar Function Room--first time on market in 20 years..
SALES VOLUME: $18 to 19k per week-strong & consistent
SELLING PRICE; $340K W/ 150K dn.- owner financing./.less for all certified funds
LEASE: $4,125 MT -only 5% of sales..(new lease available-option on real estate.
SQUARE FOOTAGE: 5000 sq ft ( has upstairs function room ( seats 80)w/ bar
HOURS OF OPERATION: 7 Days 4pm -1am/ sundays 11am-10pm
SEATING: (inside 90) bar seats 24-- function room seats 80.
COMMENTS:
Very popular landmark restaurant - bar-function room.. Commonly known as the neighborhood cheers south to its loyal following.Here everybody has a special bond with this successful restaurant..
Free standing, attractive w/parking, easy access, owner has owned for 20 years.
Great condition, efficient kitchen line, cozy!
Has 80 seat function room upstairs w/bar.
Sales are 60% food to liquor...more profits
Has 12 Beer lines & only 3 full time employees/great loyal staff in place will stay on.
Owner allows the restaurant to pay her personal bills.
Owner has other pressing interests and has finally decided to sell at a reduced price.
Lottery makes 45k easily each year.
Contact Bob @ 781-820-9288 or Bobcioffi14@gmail.com--Hurry, will not last!
.

Detailed Information

Location:
Abington, MA
Real Estate:
Leased
Building SF:
5,000
Lease Expiration:
N/A
Employees:
22
Facilities:
Building and restaurant in great condition w/ parking Has 2 bars, one with function room/12 craft beer lines. Efficient kitchen, well designed floor plan. Lease $4,125 (NNN included) Option on rel estate./new lease available.
Competition:
Nothing quite like it, cozy, comfortable and lots of opportunity to expand business.
Growth & Expansion:
Growing area, great reputation.. Expand hours, and catering, functions and delivery.
Financing:
yes for qualified buyer
Support & Training:
yes , up to 2 weeks if necessary.
Reason for Selling:
Owner has other interests after 20 successful years.
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Contact the Seller

(from currently available funds)
 
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Bob Cioffi

Business Listed By:
Bob cioffi

NATIONAL RESTAURANT EXCHANGE

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Sponsoring Broker:
Dennis Serpone

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